Global Proxy Voting and Shareholder
Disclosure Hub for Germany-headquartered financial services
provider
NEW
YORK and LONDON and
FRANKFURT, Germany,
Sept. 6,
2022 /PRNewswire/ -- Broadridge Financial
Solutions, Inc. (NYSE: BR), a global Fintech
leader, today announced that it is supporting German banking and
securities services provider, DekaBank, with its market-leading
solutions for the updated Shareholder Rights Directive (SRD
II).
DekaBank has gone live with Broadridge's Global Proxy
Voting and Shareholder Disclosure Hub solutions. This provides
support for its institutional client base across Europe, through DekaBank's network of German
savings banks and its own private bank.
"Corporate governance standards in Germany and across Europe are undergoing a fundamental
transformation, driven by SRD II regulations and the growing demand
for shareholder democracy as investors increasingly seek to
positively influence corporate policy and ESG strategies," said
Benedikt Arendt, Project Manager,
DekaBank. "Broadridge, as a strong and trusted global leader
in shareholder communications, was a natural partner for such a
critical change. Through our close collaboration, the deployment of
next generation technology, and the support of Broadridge's
exceptional local-language domain experts, we are able to raise
efficiency levels throughout the chain of communications while
helping to empower our customers and their end-clients."
"Through its well-prepared and professionally managed
programme, DekaBank is able to meet its regulatory obligations
under SRD II," said Demi Derem, General Manager of International
Investor Communications Solutions, Broadridge. "DekaBank's
broad network of clients and investors will benefit directly
from high levels of straight-through processing efficiency, our
local market digital connectivity, and rich system functionality
which provide unparalleled transparency and an improved window for
market voting deadlines."
SRD II significantly impacts shareholder communications
for all intermediaries holding or servicing European equities,
globally. The regulation aims to increase the accuracy and
transparency of communications between share-issuing companies and
their investors – facilitating more active shareholder engagement,
greater levels of transparency and increased operational
efficiency.
Broadridge's enhanced Global Proxy solution supports the
full shareholder communication lifecycle. It enables same-day
event capture and distribution, same-day proxy vote processing and
vote confirmations, advanced multi-channel investor communications
and European client data storage. Its new Shareholder Disclosure
Hub, an industry-wide digital solution, uses the latest API- and
blockchain-based technologies to address SRD II's new shareholder
disclosure requirements and provide class-leading data
security.
Learn more at www.broadridge.com/SRD
and in Broadridge's latest SRD II white
paper.
About
Broadridge
Broadridge Financial Solutions (NYSE: BR), a global
Fintech leader with $5 billion in
revenues, provides the critical infrastructure that powers
investing, corporate governance, and communications to enable
better financial lives. We deliver technology-driven solutions that
drive business transformation for banks, broker-dealers, asset and
wealth managers and public companies. Broadridge's infrastructure
serves as a global communications hub enabling corporate governance
by linking thousands of public companies and mutual funds to tens
of millions of individual and institutional investors around the
world. Our technology and operations platforms underpin the daily
trading of more than $9 trillion in
equities, fixed income and other securities globally. A certified
Great Place to
Work®, Broadridge
is part of the S&P
500® Index,
employing over 14,000 associates in 21 countries. For more
information about us, please visit broadridge.com.
Investors:
W. Edings
Thibault
Investor Relations
+ 1
516-472-5129
Edings.thibault@broadridge.com
Media:
Gregg
Rosenberg
Corporate
Communications
+1
212-918-6966
Gregg.rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.